Victoria Gold is a single-asset producer. It runs the Eagle Gold Mine in the Yukon. This year’s gold production guidance is set at 165,000 to 185,000 ozs and cost guidance of US$1,450 to US$1,650 per oz of gold sold.

McConnell said the lift in the gold price has been nice, but the focus is still on the mining operations at Victoria Gold.

“We can be a little freer with capital expenditures, [but] we need to see this price sustained for a while,” said McConnell. “Our focus is still 100 percent on getting the Eagle Mine running properly. COVID was tough, and I have to quit blaming COVID for problems at the mine. Right around the world, we're still seeing supply chain issues, and you know they're slowly getting corrected. Costs have gone up, so we're trying to do things to contain costs.”

Coverage of Deutsche Goldmesse sponsored by Dynacor.

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.